Shares of Reliance Infrastructure have soared over 34.5% in the past month, currently trading at ₹345, compared to ₹256 a month ago. The sharp upward momentum comes on the back of strong Q4 results, key defence sector developments, and strategic partnerships.
In a significant breakthrough, Reliance Infrastructure has become the first private Indian company to develop 155mm artillery ammunition under DRDO’s design-cum-production partner programme. The firm has indigenously designed four variants of this ammunition, with production-ready supply chains involving ten domestic companies. The company expects orders worth ₹10,000 crore from the Ministry of Defence over the next decade, with export potential worth another ₹10,000 crore.
Additionally, the company is setting up a ₹5,000-crore Dhirubhai Ambani Defence City in Ratnagiri, Maharashtra, to bolster its ammunition and explosives manufacturing capacity. A new collaboration with Germany’s Rheinmetall will further boost the company’s global footprint in defence production.
On the financial front, Reliance Infrastructure reported a Q4 consolidated net profit of ₹4,387.08 crore, a dramatic turnaround from a ₹3,298 crore loss in Q3. Adjusted EBITDA stood at ₹8,876 crore, up 681% sequentially. The consolidated net worth jumped 44% sequentially to ₹14,287 crore.
Despite an insolvency petition by IDBI Trusteeship Services, the company clarified it has fully paid ₹92.68 crore to Dhursar Solar Power, settling claims related to a tariff agreement.
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